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Dec 4, 2012
12/12
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economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. futurering america's energy, the oil shock wave. i think it speaks to several key messages. just as we did in 2005, they're just as relevant today when we were importing 60% vs. 40% and continuing to go down. they also fall along what senator blunt said house well. but you see from when we have the oil crisis, there is no such thing as energy independence. some fear we define the problem as energy independence and it is all about imported oil. but then we solve a problem. we have been saying we needed to end our dependence on foreign oil, but the truth is we have a dependence on oil and any thing that happens anywhere in the world affects us here. if w
economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. futurering america's energy, the oil shock wave. i think it speaks to several key messages. just as we did in 2005, they're...
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Dec 4, 2012
12/12
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is it just a slowdown for the macro china economy, or is it really just specific to yum!? we saw yum! really top out last week around that $72, $73 level, and it backed off almost 10%. it's trading around $67, which was somewhat of a support. it has tried to rally off that, but not with much success. i really would look for $62.50 as the next big support line. at $62.50, if you look at all the fundamentals with yum!, that may be a point to try and get back in and dip your toes in the water a bit. > good to have you on the show. that is scott bauer of trading advantage. > > thank you angie. that's it for today. we hope you will join us tomorrow for a sneak peek into stocks you might want to own in the new year. from all of us at first business news, have a great day! . >>> crews here in san francisco have been working overnight to fix it, we will tell you what you need to know. >>> i don't know what to do. >> people are hit hard by the weekend storm continue to pick up the pieces, we will let you know when more rain is on the way and how hard it is expected to hit. >>> ther
is it just a slowdown for the macro china economy, or is it really just specific to yum!? we saw yum! really top out last week around that $72, $73 level, and it backed off almost 10%. it's trading around $67, which was somewhat of a support. it has tried to rally off that, but not with much success. i really would look for $62.50 as the next big support line. at $62.50, if you look at all the fundamentals with yum!, that may be a point to try and get back in and dip your toes in the water a...
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it is part of what we need to succeed in this global economy. and i'm going to fight for every young person is willing to work hard to get an education. gerri: should everyone have a college degree? >> if i was the president, i think you might has well said let me be clear. every student should start with 30,000 dollars of debt and maybe a bankruptcy. it's absolutely asinine. the current system we ve in place is nothing short of immoral. we are putting students that it is economically imperative for them to get an education, but then we are putting them in that situation a situation was. not only are there no jobs, starting with 30,000 dollars of debt is not a wato start your life. gerri: let's get marked in him. i'm going to ge you more time. we would like to get more time. mark, is it asinine to these kids start their lives with so much debt and give it to everybody? >> well, college benefits -- the students who have college degrees earn 70 to 80% modents e degrees earn 70 to 80% more. the federal government gets twice as much federal income r
it is part of what we need to succeed in this global economy. and i'm going to fight for every young person is willing to work hard to get an education. gerri: should everyone have a college degree? >> if i was the president, i think you might has well said let me be clear. every student should start with 30,000 dollars of debt and maybe a bankruptcy. it's absolutely asinine. the current system we ve in place is nothing short of immoral. we are putting students that it is economically...
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is not going to remain twenty five percent of the global economy what it is now forever merging markets will continue to emerge will continue to grow faster than the u.s. the u.s. government is not going to be able to pump out safe and liquid assets on the scale that the global economy requires so there will have to be other sources of those assets in my book a year and a half ago i said the eurozone and china are the most likely alternatives but they're both having problems at the moment so there really is no alternative to the dollar that's one factor supporting the currency and the other fundamental is the liquidity of u.s. financial markets the u.s. treasury bond market is the single largest and most liquid financial market in the world and that's important in times of turbulence that's what continues to make the dollar and only the dollar crude safe haven currency so then even if there were because you're saying the euro the renminbi they're not qualified even if they were do you see a scenario where you would ever be confident that central banks could have an orderly transition to
is not going to remain twenty five percent of the global economy what it is now forever merging markets will continue to emerge will continue to grow faster than the u.s. the u.s. government is not going to be able to pump out safe and liquid assets on the scale that the global economy requires so there will have to be other sources of those assets in my book a year and a half ago i said the eurozone and china are the most likely alternatives but they're both having problems at the moment so...
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Dec 1, 2012
12/12
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economy for about an hour and 45 minutes. next on book tv. [applause] >> thanks to the fashion institute of technology. unquestionably the most in the world today. [applause] in addition to being nobel laureates i would have to say from the vantage point for the economic thinking those would be my finalists. [applause] as you know, we've written a book that pertains to the challenges and circumstance the price of an equality. on behalf of them i thank you for your patronage and. let's start with paul. paul, you talked about and this depression now. a lot of people don't believe we could end this now. but agency deutsch human beings have to take on this challenge? something that is recognizably the same kind of animal. we victimize it is the same technology still there and skills are still there. look back to the 1930's and there are a lot of people making the argument that there were no easy answers and you could quickly get out of this [inaudible] and the 1939 and these are fundamental problems and if we want to make progress to cut unemploy
economy for about an hour and 45 minutes. next on book tv. [applause] >> thanks to the fashion institute of technology. unquestionably the most in the world today. [applause] in addition to being nobel laureates i would have to say from the vantage point for the economic thinking those would be my finalists. [applause] as you know, we've written a book that pertains to the challenges and circumstance the price of an equality. on behalf of them i thank you for your patronage and. let's...
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Dec 1, 2012
12/12
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KRCB
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the chinese economy is unsustainable. it's too dependent on global growth and not dependent enough on the consummittion story we're talking about. if they can shift the focus in china, that will be a great long-term story. >> susie: nicholas consonery asia analyst at the eurasia grp. >> tom: apple's iphone 5 got the okay from chinese regulators. the smartphone will go on sale there in about two weeks. it's an important market for apple. in recent months, apple's market share in china has been cut in half to just 10%, something blamed on the lack of the model there. the iphone 5 is expected to be a big hit in china. next friday its newest ipad and ipad mini will hit stores there too. >> susie: greece is one step closer to getting $57 billion in bailout loans. german lawmakers approved the deal reached earlier this week. greece agreed to measures that will drastically reduce its debt over the next seven years. european stock markets and the euro rose on the news. here on wall street, tom, a neutral day on most people here,
the chinese economy is unsustainable. it's too dependent on global growth and not dependent enough on the consummittion story we're talking about. if they can shift the focus in china, that will be a great long-term story. >> susie: nicholas consonery asia analyst at the eurasia grp. >> tom: apple's iphone 5 got the okay from chinese regulators. the smartphone will go on sale there in about two weeks. it's an important market for apple. in recent months, apple's market share in...
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find out what's really happening to the global economy with. there are no holds barred look at the global financial headlines tune into a report. download the official. language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device to watch on t.v. any time that it. looks good in. science technology innovation all the list of melanin still around russia we've got the future covered. by. the book. if you. please. welcome back to ransack you're about to mind you were talking about the politics of water. if you. live. and i go back to tony in london in the literature there's a term the age of easy water is over what does that mean. when the population of the world was a million that was no pressure on resources well it was a billion and about eighteen hundred it also wasn't a really very big pressure on resources although smith was serious but not those with the fools around at the same time did point out that we were doing difficult things to natural resources. and of course he was right
find out what's really happening to the global economy with. there are no holds barred look at the global financial headlines tune into a report. download the official. language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device to watch on t.v. any time that it. looks good in. science technology innovation all the list of melanin still around russia we've got the future covered. by. the book. if you. please. welcome back to ransack...
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Nov 28, 2012
11/12
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FOXNEWSW
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it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you out. how do you feel about that? >> i like the speaker. we have a great relationship and we are able to talking directly and honestly with each other and i have no problem with it. i would expect him to express his opinion as he would expect me to express mine. >>neil: he is saying you are precaving. >>guest: that is nonsense. the reality is, tax rates go up for every american on december 31st. if we can make sure that doesn't happen for 98 percent of them and continue to fight for the other 2 percent, that makes a lot of sense and the american people will listen to us in that discussion if they know their taxes aren't going up. we will win the argument. i do believe most people understand raising tax rates is bad for the economy, it costs jobs, it actually in the long term undermines revenue. right now, everyone's
it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you out. how do you feel about that? >> i like the speaker. we have a great relationship and we are able to talking directly and honestly with each other and i have no problem with it. i would expect him to express his opinion as he would expect me to express mine. >>neil: he is saying...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report. for . technology innovation all the developments around russia. welcome back we're talking about the monetary system and rewinding a bit under bretton woods there were automatic adjustments to address strength or weakness and other economies now central banks have much more flexibility in their ability to determine their own currencies values this allows them to build up chronic current account surplus or deficit so how is that a sustainable model for trade let's ask our guest as he is the expert in all things global monetary system related we will go to very eichengreen in just one moment he is a professor so i want to ask you how is that a sustainable model for trade where you can build up these massive chronic chronic out surpluses or deficits because of the monetary system. well you've got to have a system that's flexible enough to make those chronic surpluses and deficits go away. for a century and more we thought that st
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report. for . technology innovation all the developments around russia. welcome back we're talking about the monetary system and rewinding a bit under bretton woods there were automatic adjustments to address strength or weakness and other economies now central banks have much more flexibility in their ability to determine their own currencies...
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it is the economy. lou: it truly is. and i want to also if we may put up the cartoon. we do this very elegantly here. please put up the cartoon. the envelope. i just wanted to see that. it is great. the corner from the nation of achievement, mainstream america usa to the nation of entitlement . i mean, that s to meet not only with the committee is brilliant. can we put that back up? i want to show you something. some might mess in that cartoon. if you look at the stamp in the upper right, and $0.0. it is a food stamp. i have to say, we are looking at a president who is willing, as you know, an assistant on $82 billion of tax increases on the so-called wealthy, the top@ 2%. and that is going to amount to just about nine days, almost nine days a lot bring the federal government's. more and more absurd proportions >> it really is absurd. when you think about it, the deficits cast, over a trillion dollars for the next four years. freckly this will add $80 billion a year. it is nonsense. it is a parody of reality, and the blood is not responsible about their duty is being f
it is the economy. lou: it truly is. and i want to also if we may put up the cartoon. we do this very elegantly here. please put up the cartoon. the envelope. i just wanted to see that. it is great. the corner from the nation of achievement, mainstream america usa to the nation of entitlement . i mean, that s to meet not only with the committee is brilliant. can we put that back up? i want to show you something. some might mess in that cartoon. if you look at the stamp in the upper right, and...
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Nov 30, 2012
11/12
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CNBC
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the only thing that keeps the economy moving is the effect of wide deficits, monetary policies. i am not feeling that good about it. >> we can string our own story together. we have to admit that in november consumer discretionary was the top performing s&p sector. how do you account for that divergence? people are now getting concerned about the consumer? >> we are getting worried about the consumer in china. we knew the industrial story in china was problematic and the consumer was the good news. now we are worried about the consumerer over here despite the fact that housing prices are improving and we are headed to the holiday. dan mentions tiffany. mcdonald's which really hung in there and done well not as well as yum but mcdonald's is faced with problems as far as same store sales and turnover. none of these consumer names, none of them are doing really well. >> to the yum story if we are going to say yum is having problems in china you have to think about the other multinationals that are highly leveraged to china growth, a big driver of the future growth will come from th
the only thing that keeps the economy moving is the effect of wide deficits, monetary policies. i am not feeling that good about it. >> we can string our own story together. we have to admit that in november consumer discretionary was the top performing s&p sector. how do you account for that divergence? people are now getting concerned about the consumer? >> we are getting worried about the consumer in china. we knew the industrial story in china was problematic and the...
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Nov 30, 2012
11/12
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FBC
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great stable economies with good financials. emerging companies have much better looking balance sheets. fax has a great track record over any three-year period. they have never lost money but we do like to buy them when they have a good, the price is at a good discount to nav. it happens now and then. happened couple weeks ago on november 14th. it was a great dip, a great buying opportunity. we wait. we're picky when we come in. we're waiting for another opportunity. david: we're almost out of time. i want to get your second pick, corporate bond fund lqd. why do you like them quickly. >> again governments don't look nearly as good as corporations. corporations have record levels of cash and really healthy balance sheets and looking to pay off great income. david: lenore hawkins, emeritus advisors, have a wonderful weekend. >> you too. thanks for having me. david: liz? liz: could americans be facing a fiscal food cliff at the supermarket. listen, there are all kinds of tentacles on this story. jeff flock is in woodstock, illinoi
great stable economies with good financials. emerging companies have much better looking balance sheets. fax has a great track record over any three-year period. they have never lost money but we do like to buy them when they have a good, the price is at a good discount to nav. it happens now and then. happened couple weeks ago on november 14th. it was a great dip, a great buying opportunity. we wait. we're picky when we come in. we're waiting for another opportunity. david: we're almost out of...
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Nov 28, 2012
11/12
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CURRENT
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it doesn't hurt the economy. jobs, public health is what clean energy is about these days. >> jennifer: we're going to stand by for the politics of electric cars here but there is a 58% poll that i just want to show you that it is going to -- 58% of americans which is what you were referring to. responded it would make us stronger. 16% said it would make the economy weaker. why do we hear republicans taking such a stance against clean energy? >> let me say the first thing is that not all republicans are on the wrong side of the clean energy now. in washington, it is a big problem. you've got really significant governors around the country from iowa to arizona arnold schwarzenegger, past governor of california, there are a lot of republicans that are right on this issue because of the economics. but in washington -- >> jennifer: schultz. >> secretary of state. richard nixon created the environmental protection agency. washington is owned lock, stock and barrel by big energy companies and their lobbyists. they don'
it doesn't hurt the economy. jobs, public health is what clean energy is about these days. >> jennifer: we're going to stand by for the politics of electric cars here but there is a 58% poll that i just want to show you that it is going to -- 58% of americans which is what you were referring to. responded it would make us stronger. 16% said it would make the economy weaker. why do we hear republicans taking such a stance against clean energy? >> let me say the first thing is that...
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Dec 3, 2012
12/12
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MSNBCW
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how does the economy get out of this slump? what is our economy doing well right now? what are we not doing as well as a country to deal with our economy? >> good question. the economy now is actually looking quite resilient. if you look at what's happening in energy, enormous boom. in agriculture, even with the drought, you're seeing incredible levels of income to farmers, which is really welcome. in manufacturing, one of the strongest periods of manufacturing revival that we've seen in almost a generation. not just in autos, and not just in high tech, but comprehensibly across that. we are showing american companies very competitive and resilient, and companies are bringing back production from china and mexico because this is looking like a much stronger country in which to invest and build. those are very encouraging signs for the american economy. and people running america's businesses would say they are in the strongest position they have been in maybe a decade in terms of the ability they have to expand and grow. and if we are able to lift this threat, big tax
how does the economy get out of this slump? what is our economy doing well right now? what are we not doing as well as a country to deal with our economy? >> good question. the economy now is actually looking quite resilient. if you look at what's happening in energy, enormous boom. in agriculture, even with the drought, you're seeing incredible levels of income to farmers, which is really welcome. in manufacturing, one of the strongest periods of manufacturing revival that we've seen in...
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. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm election six years, sterile for the president. the end of the day he wants a legacy. it's going to be the highest unemployment in history for two terms it is not careful. he will take us back into recession. if he nts serious negotiations that will sit down d me to some kind an agreement. we have been down this road before where republicans of given on the taxes. was in the white house with reagan. they promised dollars in cuts. they didn't give us anything. bush went through the same drill when he broke hi tax pledge, busch sr. we have had this history before. basically, tell us what you're going to do. there will be a stimulus by fixing the northeast from the storm. add another 50 billion out there on top of the package. and then the audacity of saying, i'm going to raise the debt ceiling whenever i want to. give me permissio
. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm election six years, sterile for the president. the end of the day he wants a legacy. it's going to be the highest unemployment in history for two terms it is not careful. he will take us back into recession. if he nts serious negotiations that will sit down d me to some kind an agreement....
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global economy and create more jobs for everyone the year long presidency is expected to be full of talks on different levels the organizational burden for the high profile meetings falls on and lead group of diplomats known as the share price named after the human line mountain guys these officials do much of the heavy lifting for the.
global economy and create more jobs for everyone the year long presidency is expected to be full of talks on different levels the organizational burden for the high profile meetings falls on and lead group of diplomats known as the share price named after the human line mountain guys these officials do much of the heavy lifting for the.
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on to be diagnosed it's published three countries to secrete economy gas and austerity prescription from the finance minister with the public being force fed ex hikes and spending. this is coming to live from moscow hello and welcome to the program tongues and all my vehicles have been deployed to the presidential palace in egypt's capital cairo after a night of street battles which cold file an injured hundreds the violence started once thousands of president morsy supporters moved into a crush of setting off his opponents the standoff became the bloodiest says they'll prising things the president began two weeks ago cairo based reporter belcher told me the latest. right now i have to hurry square work the scenes. the have been scuffles on the square here behind me outside the presidential palace i tried reports that the clashes have broken out during the day but basically we've seen very violent scenes overnight my colleague tom barton was there reporting from the scene we're about as close as we cracked to the fighting here in central cairo near the presidential palace a few. muslim b
on to be diagnosed it's published three countries to secrete economy gas and austerity prescription from the finance minister with the public being force fed ex hikes and spending. this is coming to live from moscow hello and welcome to the program tongues and all my vehicles have been deployed to the presidential palace in egypt's capital cairo after a night of street battles which cold file an injured hundreds the violence started once thousands of president morsy supporters moved into a...
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Dec 5, 2012
12/12
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KCSMMHZ
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kim has also vowed to develop north korea's economy. >> translator: we must stop on a part of industrial revolution for the new century and make north korea a great economic power. >> there no tangible signs of improvement. the u.n. program said 16 million north koreans or nearly 70% of the population suffer from malnutrition. north korea's relations with the outside world are at a stand still. last february the united states agreed to provide food aid in exchange for being free of the ballistic missile tests. the deal was welcome after the north tested a missile. north korea's leadership has been trying to hold talks with the united states, but officials in washington said they are not ready to accept. china is also applying pressure on its neighbor. arguing that the missile launch could violate u.n. resolutions. nhk world. >> the professor is an expert on the korean peninsula. i spoke with him to get more insight into the korean missile launch. i started with asking him the intention of north korea. >> the mostortant thing for pong i don't think is to appeal or to empathize with their
kim has also vowed to develop north korea's economy. >> translator: we must stop on a part of industrial revolution for the new century and make north korea a great economic power. >> there no tangible signs of improvement. the u.n. program said 16 million north koreans or nearly 70% of the population suffer from malnutrition. north korea's relations with the outside world are at a stand still. last february the united states agreed to provide food aid in exchange for being free of...
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of the diagnosis for britain the country simply economy gets an austerity prescription from the finance minister with the public being force fed ex hikes and spending. international news and comment live from moscow this is all she was me thanks for trying to get egypt's capital cairo has seen some of the bloodiest battle since they are prizing against president morsi began two weeks ago at least four people have been killed and more than three hundred fifty injured as most supporters clashed with his opponents outside the presidential palace and day i spoke to cairo based reporter about truth who says pointing in the direction capital is still going. right now the presidential palace i just had reports that the caches have broken out again the police are possibly that firing tear gas in an attempt to separate the two groups but basically we've seen very violent scenes overnight my colleague tom barton who's that reporting from the scene we're about as close as we can get to the fighting here in central cairo near the presidential palace a huge mess as muslim brotherhood supporters up t
of the diagnosis for britain the country simply economy gets an austerity prescription from the finance minister with the public being force fed ex hikes and spending. international news and comment live from moscow this is all she was me thanks for trying to get egypt's capital cairo has seen some of the bloodiest battle since they are prizing against president morsi began two weeks ago at least four people have been killed and more than three hundred fifty injured as most supporters clashed...
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find out what's really happening to the global economy. for a no holds barred. max kaiser welcome to the kaiser report people of the united kingdom listen to me i've seen your future and your future is scum villages and royal babies that the newspapers say will look like this yes i may have the eyes of a cold hearted lizard but so does your future eating the mud pies of austerity and let's not be coy i think the best name for this baby will be snooki. standing. yes maxwell of course this is the big budget day in the united kingdom and it's of course celebrating everywhere you look you cannot escape every single paper for the don and will and kate it's never ending but with this austerity budget and with the celebration all the newspapers are talking about like the baby is going to cost two million dollars a year the first year for clothes just for clothes and yet any of the mothers in england are being told or the united kingdom are being told we're going to slash your benefits we're going to make sure you're not you know feeding your children too much no no no
find out what's really happening to the global economy. for a no holds barred. max kaiser welcome to the kaiser report people of the united kingdom listen to me i've seen your future and your future is scum villages and royal babies that the newspapers say will look like this yes i may have the eyes of a cold hearted lizard but so does your future eating the mud pies of austerity and let's not be coy i think the best name for this baby will be snooki. standing. yes maxwell of course this is the...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into a report. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm trying hard welcome is a big issue. here watching all see life from all schools good to have you with us all stars he seems to be the future for britain at least for the government's extends its massive cuts program for five more years and to find finance minister waved away immediate protest saying talks hikes would help heal the country's ailing economy also has more now on london's proposed kewl. well everyone now madly picking their way through the facts and figures and wow was there a lot of. one thing that was very very clear and that's that the u.k. is set to face even more austerity no what those figures showed us was that the u.k. economy is going to shrink by not point one percent five hundred twenty twel
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into a report. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm trying hard welcome is a big issue. here watching all see life from all schools good to have you with us all stars he seems...
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Nov 29, 2012
11/12
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CSPAN2
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this is a small, open a economy. it is a trade dependent economy. more than the united states. individual trade decisions can be controversial. the concept of being part of the global economy is not a challenging concept. the united states is still the core of the world trading system. i am surprised at the level of protectionist discord. >> that is stop production for us in d.c. we will continue to fight that battle. you joined us for a roundtable. cnbc did a roundtable in chicago i will share with our guest -- as a question -- ask what the biggest impediment was to economic growth. we have lots of different sectors. i thought i would hear the answer that you hear from business leaders of the time, which is a -- any more transparency, predictability, and more regulatory coherence. i am not sure if you remember. everyone ended up saying all of the things i mentioned are important to business, but people said -- everyone agreed about access to skilled work force. i found that surprising. what are the kinds of things that the private sector and government can do to build the kind
this is a small, open a economy. it is a trade dependent economy. more than the united states. individual trade decisions can be controversial. the concept of being part of the global economy is not a challenging concept. the united states is still the core of the world trading system. i am surprised at the level of protectionist discord. >> that is stop production for us in d.c. we will continue to fight that battle. you joined us for a roundtable. cnbc did a roundtable in chicago i will...
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economy is going to shrink by not point one percent in five years twenty twelve now it sounds like a small amount but of course no sign of all importing growth in fact what we're seeing is that borrowing has gone up we think that the debt has risen and fallen and most crucially i think it's probably the fact that the government had no reduction target so we're now facing an extended austerity program is going to say it's right away three to twenty eightieth's a pretty gloomy outlook and this is what we were expecting a bit of course but going to really not be what millions of families all across the are going to want to hear and of course this is really going to bring in real terms . among the demonstrators there was kate hudson from the mt cuts coalition of resistance who feels it's the multibillion pound nuclear weapons program that should be getting the axe. britain spending on nuclear weapons this is not the fundamental issue it's something that the vast majority of the population is a great currently we are spending three billion pounds a year just on maintaining existing system
economy is going to shrink by not point one percent in five years twenty twelve now it sounds like a small amount but of course no sign of all importing growth in fact what we're seeing is that borrowing has gone up we think that the debt has risen and fallen and most crucially i think it's probably the fact that the government had no reduction target so we're now facing an extended austerity program is going to say it's right away three to twenty eightieth's a pretty gloomy outlook and this is...
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they feel it won't have much of an impact on the economy. they believe we won't go into recession and the whole thing is over, done. mellow drama even. they think fearmongers. and this is their group of strong holders. a little time passes, they think, hey, should be better off going over the cliff. rich will pay more of their fair shares and higher taxes on dividends. government spending sliced where it should be and and the bloated defense budget. unnecessary social programs. me? i think we aren't where we need to be yet when the it comes to abandoning all the hope. i think the postfiscal cliff world has -- not to matter. those people are polyannas. i think we go into a recession with lots of layoffs and the fiscal cliff was designed to compromise. the cliff was designed to scare legislators into rising above politics and compromise. everyone knew about the growth. just like in europe. means it could be, in fact, reduced dramatically. fewer jobs, larger deficit. not smaller. and the federal reserve that's throwing up its hands, can't do an
they feel it won't have much of an impact on the economy. they believe we won't go into recession and the whole thing is over, done. mellow drama even. they think fearmongers. and this is their group of strong holders. a little time passes, they think, hey, should be better off going over the cliff. rich will pay more of their fair shares and higher taxes on dividends. government spending sliced where it should be and and the bloated defense budget. unnecessary social programs. me? i think we...
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the gloomy diagnosis for britain the country's still sickly economy gets an austerity prescription from the finance minister with a public sources battle tax hikes and spending cuts. international news live for most go this is all she was me you know our thanks for joining us first time and all made vehicles have been deployed to the presidential palace in egypt's capital cairo after a night of street battles which killed five and injured hundreds the violence started one of thousands of president morsy supporters moved in to crush this city and his opponents they stung became the bloodiest since the uprising the president began two weeks ago out of cairo based reporter troop told me the latest. right now i'm off to her square work the scenes. that have been scuffles on the square here in tahrir behind me outside the presidential palace i type reports that the caches have broken out during the day but basically we've seen very violent scenes overnight my colleague tom barton who is that reporting from the scene we're about as close as we can get to the fighting here in central cairo nea
the gloomy diagnosis for britain the country's still sickly economy gets an austerity prescription from the finance minister with a public sources battle tax hikes and spending cuts. international news live for most go this is all she was me you know our thanks for joining us first time and all made vehicles have been deployed to the presidential palace in egypt's capital cairo after a night of street battles which killed five and injured hundreds the violence started one of thousands of...
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is not the way to grow the economy we are heading for an extended period of. the stagnation and. thank you very much for joining us but also save us a little because the concern has he said there on picking say the thing is that the one thing cutting through all the waste and says it's enough that the k. is going to be set to have to place itself but even tough because of the even whole austerity. sara thanks a lot sort of live from london and we have more from the u.k. head for you this hour with a look at how london has voiced what many brits have long been thinking and the news continues financial crisis the head of the british capital urged the u.k. to hold a referendum over the country's membership making an exit and likely prospect of more nuts and other stories after a short break. tucked in between the russian mainland japan and the sun coming island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'll take a look at what's in store for us here. until two thousand and four the island was part of
is not the way to grow the economy we are heading for an extended period of. the stagnation and. thank you very much for joining us but also save us a little because the concern has he said there on picking say the thing is that the one thing cutting through all the waste and says it's enough that the k. is going to be set to have to place itself but even tough because of the even whole austerity. sara thanks a lot sort of live from london and we have more from the u.k. head for you this hour...
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because because surely it still needs to have those trade ties economies so important as. yes trade with other countries other businesses on the continent is important just like it is around the world when we need a you one hundred percent of our economy is overregulated by the european union trade with other businesses individuals on the continent will always continue whether we're in the e.u. or whether we're out of the a you were a member of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we're big enough to manage our own affairs really would be a lot better off the konami care than it is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer because whatever it is our union if the u.k. were to fully pull out what would it do in this very difficult time this crisis. well the trade links
because because surely it still needs to have those trade ties economies so important as. yes trade with other countries other businesses on the continent is important just like it is around the world when we need a you one hundred percent of our economy is overregulated by the european union trade with other businesses individuals on the continent will always continue whether we're in the e.u. or whether we're out of the a you were a member of the european economic area britain has global...